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Multifamily

2351 South Locust Street

2351 South Locust Street, Denver, CO 80222

Listing Price: $1,050,000

Cap Rate
5.20%
Number of Units
4
GRM
14.30
Occupancy
95.0%
Price/Unit
$262,500

Investment Overview

2351 South Locust Street is a well-maintained four-unit multifamily building consisting of all two-bedroom / one-bath units with washer/dryer. The building has a low maintenance brick exterior with pitched roof and secured entry doors and gates. It has a newer high-efficiency boiler and water heater and new double pane windows. The kitchens are well-appointed with large pantries. The units are individually metered for electric and master metered for gas, water, and sewer. Each unit has a front and rear entrance. The landscaping is newly xeriscaped to reduce water cost and exterior maintenance. There are six off-street parking spaces in the alleyway.

2351 South Locust Street is located in a solid south Denver sub-market with low vacancy. Tenants are within walking distance to retail, restaurants, public transportation, and employment. There is strong upside potential for a new buyer in raising rents to market.

Investment Highlights

  • All Well-Maintained Two-Bedroom Units with Washer/Dryer In-Unit
  • Strong Upside in Raising Rents to Market
  • Newer High-Efficiency Boiler & Water Heater; New Double Pane Windows
  • Low Maintenance Brick Exterior with Pitched Roof
  • Well-Appointed Kitchens with Large Pantries
  • Secured Entry Doors & Gates; Units Have Front & Rear Entrances
  • New Xeriscape Exterior to Reduce Water Cost & Exterior Maintenance
  • Six Off-Street Parking Spaces in Alleyway

Exclusively Listed By

Financing By

Multifamily

2351 South Locust Street

Listing Price: $1,050,000

Cap Rate
5.20%
Number of Units
4
GRM
14.30
Occupancy
95.0%
Price/Unit
$262,500

Investment Highlights

  • All Well-Maintained Two-Bedroom Units with Washer/Dryer In-Unit
  • Strong Upside in Raising Rents to Market
  • Newer High-Efficiency Boiler & Water Heater; New Double Pane Windows
  • Low Maintenance Brick Exterior with Pitched Roof
  • Well-Appointed Kitchens with Large Pantries
  • Secured Entry Doors & Gates; Units Have Front & Rear Entrances
  • New Xeriscape Exterior to Reduce Water Cost & Exterior Maintenance
  • Six Off-Street Parking Spaces in Alleyway

Investment Overview

2351 South Locust Street is a well-maintained four-unit multifamily building consisting of all two-bedroom / one-bath units with washer/dryer. The building has a low maintenance brick exterior with pitched roof and secured entry doors and gates. It has a newer high-efficiency boiler and water heater and new double pane windows. The kitchens are well-appointed with large pantries. The units are individually metered for electric and master metered for gas, water, and sewer. Each unit has a front and rear entrance. The landscaping is newly xeriscaped to reduce water cost and exterior maintenance. There are six off-street parking spaces in the alleyway. 2351 South Locust Street is located in a solid south Denver sub-market with low vacancy. Tenants are within walking distance to retail, restaurants, public transportation, and employment. There is strong upside potential for a new buyer in raising rents to market.

Exclusively Listed By

Financing By

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